Knowledge Hub | Cases and deals

28 October 2021

B P Collins advised a client on the transfer of assets from an LLP to a newly incorporated company.

B P Collins 

B P Collins advised a family run property business whose assets were held in an LLP. They wished to transfer those assets from the LLP to a newly incorporated company. This was led by tax advice, so required us to work closely with the client’s tax advisor to ensure that the asset sale agreement would achieve what was intended from a tax perspective.

The client also wanted to put in place a shareholders’ agreement to govern the relationship between the existing shareholders and the next generation of family members going forward.

Because this is a family business, we had to approach the shareholders’ agreement differently, in that the provisions had to take into account family dynamics, the particular circumstances of the different family members and maintaining the family legacy, which was very important to the shareholders.

The decision-making, dispute resolution and exit provisions had to be drafted with these considerations in mind.

To speak to a member of our team about any deal or case we could assist you with, email or call 01753889995.

Beth Miel

Beth Miel

Tel: 01753 889995 | 07894 608254

David Smellie

David Smellie

Tel: 01753 279034 | 07922 653954

Alex Zachary

Alex Zachary

Tel: 01753 279022 | 07841 672810

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